Tech firm to raise £10.5m for ‘transformational’ Chinese deal

DJI Holdings, the Cheshire company which promotes and distributes Chinese sports and welfare lottery products, has announced a placing to raise £10.5m.

It will use the money to fund a "transformational deal", working with Xinhuatong, the main operator of the Xinhua News App owned by China's national news agency, to create an app for mobile payments and information.

It will supply game technology platforms and facilitate mobile payments through the Xinhua News Mobile App for public utility bills including elec... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...